ProNvest Brings On Morningstar

ProNvest, Inc., an online provider of retirement plan participant managed accounts, advice, and tools, has added Morningstar Associates to its platform.

According to a news release, ProNvest’s platform provides participants with planning tools as well as access to independent advisers who can make investment-related decisions.

As an open-platform provider, ProNvest can accommodate provider or plan sponsor requests for independent third-party advisers by linking the adviser to its platform without the need for a new integration or any disruption to plan participants, the company said. ProNvest continues to provide all resources and systems to participants, but relies on the independent adviser to create model portfolios.

ProNvest approves and integrates multiple investment advisers/RIAs into its platform, and conducts ongoing due diligence in accordance with Pension Protection Act guidelines, the company said.